Solid economic gains are expected as most sectors return to something closer to normal and consumers become more confident to spend. Business investment and government spending most likely will continue to contribute to real economic growth over the remainder of 2021 but also less so than in the first quarter. Consumer inflation spiked in the first quarter and is expected to remain somewhat elevated over most of the year. the risk of inflation becoming a problem is probably higher than it has been for decades.
This month’s commentary features Portfolio Manager, David Eckenrode, and Director of Fixed Income, Jon Lynn, giving their reviews of the May equity and fixed income markets.
Recently the media and market pundits have offered their concerns and perspective on “inflation.” At Stonebridge, we take economic scenarios seriously and inflation is no exception. Read the article to see Stonebridge Chief Economist Daniel Laufenberg, Ph.D. perspective on inflation.